The business lending market is off the boil, with new lending down for the second consecutive month.According to the latest Australian Bureau of Statistics lending data, new commercial finance commitments fell 4.1 per cent in May, compared with the previous month (in seasonally adjusted terms).It is the second month in a row that the ABS has reported a fall in new business lending, reversing the solid growth trend of previous months. New commercial finance commitments were down 3.3 per cent month-on-month in April.The A$38.9 billion of new commercial finance commitments in May was 16.1 per cent down on the same month last year.New lease finance commitments (a much smaller market) were down 14.2 per cent month-on-month.Reserve Bank figures show the annual rate of growth in lender's business loan portfolios falling from 7.4 per cent in the 12 months to April, to 7.1 per cent in the 12 months to May.